{"id":510079,"date":"2022-11-25T13:00:43","date_gmt":"2022-11-25T13:00:43","guid":{"rendered":"https:\/\/wncen.com\/?p=510079"},"modified":"2022-11-25T11:45:15","modified_gmt":"2022-11-25T11:45:15","slug":"tron-latest-update-seen-giving-trx-price-a-boost-heres-why","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/tron-latest-update-seen-giving-trx-price-a-boost-heres-why\/","title":{"rendered":"Tron Latest Update Seen Giving TRX Price A Boost – Here’s Why"},"content":{"rendered":"
Investor interest in Tron is growing as the protocol receives updates. The new Java-tron GreatVoyage-4.6.0 upgrade, codenamed Socrates, is a required update that includes crucial enhancements that greatly improve the protocol’s ability to utilize storage.<\/p>\n
Since time is of the essence, here is a quick rundown of TRX:<\/p>\n
\n\ud83d\udce2Java-tron GreatVoyage-4.6.0(Socrates) has been released!<\/p>\n
\ud83d\udee0It is a mandatory update, contains a few important features:<\/p>\n
\u2705update the checkpoint mechanism of data storage
\n\u2705optimize the storage structure of resource delegation relationship<\/p>\n\u2014 TRON DAO (@trondao) November 23, 2022<\/a><\/p><\/blockquote>\n
That’s not all good news, either. PancakeSwap just made an announcement to its user base that it would be accepting TRX into its Syrup staking pool.<\/p>\n
The price of TRX eventually reflects all of this. Using a weekly time frame, CoinGecko reports that TRX’s price rose<\/a> 0.8%.<\/p>\n
Everything looks and sounds fantastic, but what do the experts have to say about it?<\/p>\n
To Uptrend, Or Not To Uptrend?<\/h2>\n
It doesn’t look like it’ll form an uptrend on the charts, and that might be for a number of reasons. It’s worth noting that the Bollinger band is establishing a crunch zone immediately following the cup formation in TRX.<\/p>\n